The Foreign Investment Risk Review Modernization Act (FIRRMA) expands the scope of CFIUS to address national security concerns arising from certain foreign non-controlling investments and real estate transactions. FIRRMA aims to protect critical technology, infrastructure, and data from foreign exploitation. For procurement and supply chain professionals, understanding FIRRMA is essential for managing foreign investment risks and ensuring compliance with national security standards. It supports strategic planning and the protection of sensitive assets in foreign investment scenarios.
For more detailed information, visit the US Congress.